Your hot water pressure works off of the same pressure and water supply as your cold water.

The market (supply and demand) is in the process of correcting itself, and the true market value may be somewhere around $170 or even $150/square foot.

Based on the info you supplied I would think he found out because of the estate sale.

thanx for the comments, well I met someone called Emanuel who is in charge of supplying my mentor with the properties, houses, my mentor and Emanuel said that one cannot be lazy in this business, that you can make it if you have what it takes to be as hungry.I spoke to him through the day because after we finished checking the house Alfredo (my teacher) was remodeling we went to see another house that Alfredo's brother had finished, but he was having problems with the RE agent because he hadn't sold it yet, why?

Check with any of the big apartment associations and you'll find that these numbers are right on the money.What happens when you hear people claim inflated cash flows is that they are ignoring real world expenses, such as evictions, legal fees, lawsuits, captial expenses (not really an operating expense), advertising, office supplies, exterminations, etc.

Not that there is still not a huge opportunity there, but it will take a couple years for the college to catch up with the supply of rentals.

The basic numbers I see are usually:Purchase Price- price you pay for the propertySelling Price - amount you will sell the property for (not necessarily what you will list it for)Holding Costs- monthly payments, insurance, utilities, points paid upfrontRE Agent Commission - agent's commission on the sale of the property (commission on the purchase of the property is considered paid by the seller)Rehab costs - total expenses used in rehabbing the property from lawn, paint, permits, property inspection, contractors, supplies, etc.Profit - the amount you must make to take the dealIf you take the selling price and first subtract the purchase price, then subtract the expenses (holding costs, agent commission, rehab) you should have your Profit amount.

Use it to rake up over $500 on supplies.

Do cheap renos, like I'm talking walmart supplies.

I have bought lawnmowers, build sheds, supplied clippers, bags, and everything you can imagine including HD gift cards to get necessary items, and NO tenant has EVER lifted a finger.